Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Funding/M&A

Intel Acquires PasswordBox

Intel announced on Monday that it has acquired PasswordBox, a Montreal-based identity management service that enables users to log into websites and applications without having to type or remember passwords.

Intel announced on Monday that it has acquired PasswordBox, a Montreal-based identity management service that enables users to log into websites and applications without having to type or remember passwords.

PasswordBox, which been downloaded 14 million times, utilizes a one-tap (for mobile devices) and one-click (in browsers) login to provide secure access from any consumer device, and will become a part of Intel Security.

Terms of the transaction, which has already been completed, were not disclosed.

Intel said that it would incorporate PasswordBox’s current and future technologies to help consumers reduce “password fatigue” and incorporate PasswordBox with new, user-friendly authentication technologies that enable users to get the benefit of improved security in a way that is simple to set up and use.

“Everyone can relate to password fatigue,” said Chris Young, senior vice president and general manager of Intel Security Group. “Intel Security and PasswordBox share the same goal of improving digital identity protection across all devices and platforms. We believe we have the technology, expertise and reach to bring simple, secure access to consumers worldwide.”

PasswordBox was founded in 2012 and had 48 employees, all which have joined Intel Security.

According to Intel, the acquisition will support future innovations that will be announced at a later date.

“PasswordBox has spent the last two years building a product that people love, trust and use around the world every day,” said Daniel Robichaud, CEO and co-founder of PasswordBox. “We share Intel Security’s vision of simple, secure access and identity protection across all platforms and devices. Together, we believe we can offer our customers world-class technology, expertise and support to bring such access anywhere – all backed by Intel.”

Advertisement. Scroll to continue reading.
Written By

For more than 15 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is founder and director of several leading cybersecurity industry conferences around the world.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join SecurityWeek and Hitachi Vantara for this this webinar to gain valuable insights and actionable steps to enhance your organization's data security and resilience.

Register

Event: ICS Cybersecurity Conference

The leading industrial cybersecurity conference for Operations, Control Systems and IT/OT Security professionals to connect on SCADA, DCS PLC and field controller cybersecurity.

Register

People on the Move

Jared Bartel has been named CISO at Idaho State University.

Automated phishing protection and scam prevention company Bolster has appointed Rod Schultz as CEO.

Bugcrowd has appointed Trey Ford as CISO for the Americas.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.